Hello BP Family, 

Our newest venture in RE is now offering lending for distressed SFR, Multi Family flips. We're only lending in The Bay Area, Sacramento, Central Valley, Orange County, San Diego & LA markets.

Please DM us for informative lending terms and process. 

In a nutshell: 

- Properties have to be purchased at .70cents after the cost of repairs

- 6mo to 1 yr balloons

- Properties must be in desirable locations 

- The project cannot be close to a tear down or have more than $100k in renovation cost (Depending on value or square footage) 

- Past Experience & Track record of the investor is helpful but not required

- Our firm will list the property once its ready for the market at 3.5% (2.5% goes to buyers agent) - This is helpful if the investor or investor group is not a CA lic RE agent

- We need a full plan on exit strategies 

- Mortgage payments are due on 5 days in the start of every month, you have the option of deferring the payments out till the property closes but there will be a 15% profit sharing for the private money lender 

Example: 

- Purchase Price: $450k to $475k 

- Renovation: $75k 

- Resale $750k 

We will finance 90% to 100% of $450k 

- 90% LTP = 3pts, 12.5% plus $950 processing fee, $450.00 Appraisal fee and $250 doc prep

- 95% LTP = 3.5pts, 13% plus $950 processing fee, $450.00 Appraisal fee and $250 doc prep 

- 100% LTP = 4pts, 13.5% plus $950 processing fee, $450.00 Appraisal fee and $250 doc prep 

- 110% LTP = 5pts, 14% plus $950 processing fee, $450.00 Appraisal fee and $250 doc prep

(Construction loans are available on all 3 tiers, they're a separate loan) 

Note: To reduce points or interest rate we can cross collateralization the loan with another property the investor or investment company has in their portfolio.